South Miami Homes with the Biggest Price Drops

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Live BeachesMLS listings matching this search in South Miami, Florida, updated throughout the day.

When a South Miami house falls by a tenth or more, the question is usually whether buyers saw a home or a lot. A mid century house priced for its renovation can drop toward land value once builders run the cost of a new house, and a renovated one can drop if the roof, the windows or a septic tank raised the insurance quote or failed an inspection. At Valencia, a cut that large on one unit while similar units hold their price points to the floor, the view or the condition. Set the reduced price against closed sales inside the city on lots of similar size, and ask the listing agent what the buyers who walked away raised.

3 listings, largest price cut first.

The 3 listings on this page run from $485,000 to $1,800,000, with a median of $885,000, about $505 per square foot, and they have been listed a median of 168 days.

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